Quite a significant number of people find themselves in a situation where theyre faced with mounting debt and not nearly enough income to meet their monthly financial obligations. Obviously, those individuals faced with financial difficulties have no choice but to find the best solution to become debt-free, and put their money worries behind them. Many find their search leading to debt settlement, which has been growing in popularity in recent years.
Debt Settlement — Why the Critics Are Wrong
Explains why critics of debt settlement are wrong about this alternative to bankruptcy. Discusses the three main criticisms of debt settlement as well as the positives associated with this method of debt reduction.
What Will You Do With Your Credit Card Debt? Credit Card Debt Solutions
Many Americans today are in serious credit card debt. What do we do? What options do we have to ensure a stable financial future? This article will outline several options consumers have when deciding how to eliminate their debt load.
Will You Have to Pay Back the Debt Anyway?
The most widely held misconception about bankruptcy is that its the debtors version of the get out of jail free card in Monopoly.
Debt Settlement & Income Taxes What You Need To Know
Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining balance is forgiven. This technique will certainly continue to grow in popularity now that the new bankruptcy law makes it tougher to fully discharge debts in a Chapter 7 bankruptcy.
As with anything, there is no free lunch, a…
Advice when Choosing a Bankruptcy Lawyer
This article offers pertinent advice for consumers seeking the help of a bankruptcy lawyer. If your case is simple, then chances are you can file on your own.
Your Debt Free Plan for the New Year
Unmanaged spending using credit cards are the number one root cause that drives most of people into credit card debt. If you are current in debt and thinking of having a debt free life in near future, you need to start to look into your debt seriously. This article will outline a few debt free steps which you can put in place in your New Year’s plan.
Quality Debt Settlement Businesses
Are you in debt? Are you finding it hard to tackle this problem alone? A debt settlement company may be the solution. Take care to learn what the impact will be on your credit standing if you choose to go with such a plan.
Secured Debt Consolidation
This article provides some useful advice to consider prior to taking out a home equity debt consolidation loan. It also compares debt consolidation to debt settlement.
What are the Differences Between Debt Reduction and Credit Counseling?
Debt reduction programs and Credit Counseling programs are two common debt solutions for debtors. But you may confuse what are the differences between these two popular debt solutions, making you hard to decide your choice to enroll to credit counseling program or debt reduction program. Read this article for more information on the differences of these two debt solutions.
What is Debt Management
The Debt Management Company you hire will relieve and eventually reduce your debt by managing your assets effectively and negotiating with your creditor regarding interest rates and monthly payments. This is not a loan so you are no obligated by any contract or other binding paperwork associated with a Debt Management Plan.
Debt Settlement American Style
When debt becomes very big, people land in a soup, where there are unable to pay the debts. Its estimates that almost 43% of all Americans have taken debts, which they find difficult to repay back. In fact the majority of their debt is credit card debt. It’s fairly easy to get a credit card in the US even with a bad credit report. However even then, many people are unable to repay the amount on their credit cards.
Its very simple for people to charge their credit cards for…